$2,995,000
-$200,000514 W Balboa, Newport Beach CA 92661
Multi-Family (3 Units)
Property type
149 days
On market
$1,267
Price per sqft
4 cars
Garage
1964
Year built
2,178 sqft
Lot size
Home highlights
Open Houses
Overview
Rare coastal investment property located on West Balboa Boulevard, directly across from the beach and boardwalk in the highly desirable Balboa Peninsula. This classic two-story mixed-use building offers diversified income in one of Southern California’s most sought-after beachfront markets. The upper level features two residential units currently tenant-occupied, providing...
Listing provided by: Levon Nargizyan DRE #01349548, HouseIQ
Listing updated: Mar 9, 2026 at 05:13pm.
Last checked: Jun 14, 2026 at 06:30am
Source: CRMLS #SR25278723
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 0 | 2 | — | $5,200 | $5,200 | $5,200 | Unfurnished |
| 1 | 2 | 1 | — | $3,200 | $3,200 | $3,200 | Partially |
| 1 | 1 | 1 | — | $3,200 | $3,200 | $3,200 | Partially |
# of Buildings: 1
# of Units Total: 3
Separate Electric Meters: 4
Separate Gas Meters: 3
Separate Water Meters: 1
Rent Control: No
Units Leased: 3
Total Actual Rent: $11,600
Tenant Pays: All Utilities
Financial Snapshot
Gross Rent Multiplier
21.5x
List Price / Annual Gross Rent
Cap Rate
4.45%
NOI / List Price
Gross Scheduled Income: $139,200
Operating Expense: $5,850
Net Operating Income: $133,350
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $5,500
Trash: $0
Water / Sewer: $350
Interior
Interior Features: Beamed Ceilings, Block Walls, In Law Floorplan, All Bedrooms Up
Room Type: Bedroom
Laundry: Common Area, Electric Dryer Hookup, Gas Dryer Hookup, In Garage
Entry Location: Ground
Exterior
Property Attached: No
Stories Total: 2
Levels: Two
Roof: Common Roof
Foundation: Slab
Construction Materials: Block
Property Condition: Turnkey
Exterior: Barbecue
Common Walls: No Common Walls
Direction Faces: Southwest
Lot Features: Near Park, Rectangular Lot
Pool: None
Water Source: Public
Sewer: Public Sewer
Electric: Electricity On Property, Volts220 In Garage, Volts220 In Kitchen
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
View: City Lights, Ocean, Peek Aboo
Road Frontage Type: City Street
Road Surface Type: Paved
Waterfront Features: Across The Road From Lake Ocean, Beach Access, Ocean Access
Garage and Parking
Parking: Assigned, Door Multi, Garage
Garage Spaces: 4
Parking Total: 4
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 04807110
Additional Parcels: No
Tax Lot: 15
Tax Block: 3
Subdivision: Balboa Peninsula (Commercial) (BPCD)
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Dog Park, Hiking, Storm Drains, Street Lights, Sidewalks, Water Sports, Fishing, Park